The Best Peer to Peer Lending Sites for Overseas Investors

Peer-to-peer lending has revolutionized the way people invest and borrow money. It offers a platform where borrowers and investors can interact directly, eliminating the need for traditional financial institutions. For overseas investors, this presents an opportunity to diversify their portfolio and earn attractive returns. However, not all peer-to-peer lending platforms accept overseas investors due to regulatory constraints. This article will explore some of the best peer-to-peer lending sites that are open to overseas investors.

1. Mintos

Mintos is a global marketplace for investing in loans. It is open to international investors and offers a wide range of loan types, including personal loans, business loans, and mortgage loans. Mintos provides a secondary market where investors can buy and sell their investments, offering liquidity to investors. The platform also offers an auto-invest feature, which automatically invests your money according to your set criteria.

2. Funding Circle

Funding Circle is a peer-to-peer lending platform that specializes in small business loans. It operates in the UK, US, Germany, and the Netherlands, and accepts investors from around the world. Funding Circle offers a diversified portfolio of loans, and investors can earn attractive returns. However, it’s worth noting that your capital is at risk, and returns can vary.

3. Lending Club

Lending Club is one of the largest peer-to-peer lending platforms in the US. It offers both personal and business loans. While Lending Club primarily serves US investors, it does accept certain international investors. However, the requirements for overseas investors are quite stringent, including having a US bank account and a valid Social Security number.

4. Bondora

Bondora is a European peer-to-peer lending platform that accepts investors from all over the world. It offers personal loans and provides an auto-invest feature for ease of investment. Bondora also provides a secondary market for liquidity. However, the platform has a higher risk profile compared to others, so it’s important to do your due diligence.

5. PeerBerry

PeerBerry is another European platform that accepts international investors. It offers short-term consumer loans with a buyback guarantee. This means that if a loan defaults, the loan originator will buy back the loan from the investor. This provides a layer of protection for investors, but it’s still important to understand the risks involved.

In conclusion, while there are several peer-to-peer lending platforms that accept overseas investors, it’s crucial to understand the risks involved. Always do your research and consider diversifying your investments to mitigate risk. Remember, the value of your investments can go down as well as up, and you may get back less than you invest.